HCC to cut 10% staff in EPC division, Lavasa
(WorldNews Entertainment)

Hindustan Construction Co (HCC) has started laying off employees in the company. The infrastructure major, which reported Rs 19.7 crore net loss in April-June quarter, is not only reducing headcount in its engineering, procurement and construction (EPC) business but also in the private hill city subsidiary Lavasa Corp. HCC has already issued pink slips to 70-80 employees (between HCC and Lavasa) earlier last week and is in the process of terminating services of another 70-odd people in the coming days, according to multiple sources familiar with the development. When contacted by DNA Money, the HCC spokesperson chose not to respond to queries seeking comments / information. Instead, the...